Francois Locoh-Donou Sells 1,300 Shares of F5, Inc. (NASDAQ:FFIV) Stock

Key Points

• F5, Inc. CEO Francois Locoh-Donou sold 1,300 shares of stock at an average price of $308.14, totaling $400,582. Post-transaction, his ownership reduced by 1.17% to 110,153 shares.
• The company's recent quarterly earnings report revealed an EPS of $4.16, exceeding estimates of $3.49, with a revenue of $780.37 million.
• Analyst ratings for F5 stock vary, with the average rating being a "Hold" and a consensus target price of $309.89, despite two analysts raising their price targets recently.

F5, Inc. (NASDAQ:FFIV - Get Free Report) CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $308.14, for a total transaction of $400,582.00. Following the sale, the chief executive officer owned 110,153 shares of the company's stock, valued at $33,942,545.42. This trade represents a 1.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Francois Locoh-Donou also recently made the following trade(s):

• On Tuesday, July 1st, Francois Locoh-Donou sold 1,300 shares of F5 stock. The shares were sold at an average price of $294.32, for a total value of $382,616.00.

F5 Stock Performance

Shares of NASDAQ FFIV traded up $2.45 during trading on Wednesday, hitting $321.23. The company had a trading volume of 519,604 shares, compared to its average volume of 552,477. F5, Inc. has a 12 month low of $185.74 and a 12 month high of $334.00. The firm has a market capitalization of $18.45 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. The stock has a 50 day simple moving average of $295.95 and a 200 day simple moving average of $283.32.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, topping analysts' consensus estimates of $3.49 by $0.67. The company had revenue of $780.37 million for the quarter, compared to analysts' expectations of $750.64 million. F5 had a net margin of 22.06% and a return on equity of 21.77%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.36 EPS. As a group, analysts predict that F5, Inc. will post 11.2 EPS for the current year.

Institutional Trading of F5

Several institutional investors have recently made changes to their positions in FFIV. GAMMA Investing LLC grew its position in F5 by 34,698.9% in the first quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock worth $198,661,000 after acquiring an additional 743,945 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in F5 by 6.2% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 5,387,700 shares of the network technology company's stock worth $1,434,583,000 after buying an additional 312,415 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of F5 by 110.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company's stock valued at $149,242,000 after acquiring an additional 294,050 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of F5 by 659.3% during the first quarter. Pacer Advisors Inc. now owns 316,992 shares of the network technology company's stock valued at $84,405,000 after buying an additional 275,244 shares during the period. Finally, Northern Trust Corp lifted its position in shares of F5 by 38.0% in the 4th quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock worth $229,597,000 after purchasing an additional 251,534 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FFIV. Morgan Stanley increased their price target on F5 from $305.00 to $312.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada boosted their target price on shares of F5 from $314.00 to $326.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Finally, Piper Sandler raised their price objective on shares of F5 from $304.00 to $355.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, F5 currently has a consensus rating of "Hold" and a consensus target price of $309.89.

F5 Company Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.